LetsGetChecked Acquires Truepill 

LetsGetChecked (LGC), which is based in Dublin, Ireland and New York, New York, announced the acquisition of Truepill for $25 million.   Founded in 2016, Truepill’s business-to-business solutions include its virtual pharmacy digital experience, patient services to drive adherence, engagement, quality and performance and nationwide prescription fulfillment. Truepill had raised more than $370 million in venture capital funding, including at a $1.6 billion valuation in 2021, from firms like Optum, Optum Ventures, Oak HC/FT and Initialized Capital.  LGC is a leading healthcare solutions company that allows customers to manage their health from home, providing direct access to... Read More »
VERTESS Closes Specialty Pharmacy Deal in Mississippi

VERTESS Closes Specialty Pharmacy Deal in Mississippi

VERTESS, a Fort Worth, Texas-based healthcare M&A advisory firm, announced on July 16 the successful completion of a specialty pharmacy acquisition in Mississippi. Keystone Specialty Pharmacy was purchased by Novastone Capital Advisors. Keystone Specialty Pharmacy is a specialty pharmacy in Madison, Mississippi. Keystone offers healthcare providers new resources to treat serious infections while maintaining the highest ethical standards in business. Founded in 2019, Novastone Capital Advisors is a private equity firm based in Baar, Switzerland. The transaction was overseen by VERTESS Managing Director, Alan Hymowitz, who previously owned and operated a pharmacy before his tenure at... Read More »
Kroger Sells Specialty Pharmacy Business to CarelonRx

Kroger Sells Specialty Pharmacy Business to CarelonRx

Kroger, a Cincinnati-based supermarket chain, announced on March 19 the sale of its specialty pharmacy business to CarelonRx, a subsidiary of Indianapolis-based health insurer Elevance Health. Kroger’s specialty pharmacy serves patients with chronic illnesses that require complex care. Those illnesses include rheumatoid arthritis, growth hormone deficiencies, multiple sclerosis and bleeding disorders. Patients and prescribers work with skilled clinicians and access therapy programs through the specialty pharmacy to gain education, resources and counseling. Patients can also get help with side-effect management, financial assistance and personalized care. Kroger has owned the specialty... Read More »
VERTESS Closes Specialty Pharmacy Deal in Mississippi

Sentrex Health Solutions Expands Services with Acquisition of PerCuro Clinical Research

Sentrex Health Solutions announced the acquisition of PerCuro Clinical Research, a full-service specialty pharmacy and healthcare services provider based in Victoria, Canada.  PerCuro Clinical Research provides infusion services, clinical research and advanced nursing care. The company treats patients across several therapeutic areas, including inflammatory bowel disease, liver disease, neurology, dermatology and rare diseases. Established in 2003, PerCuro partners with healthcare providers on Vancouver Island, bringing healthcare services closer to physicians and patients.  Sentrex Health Solutions Inc. is a Canadian healthcare company based in Markham, Ontario. The company... Read More »
Kroger Sells Specialty Pharmacy Business to CarelonRx

Clarest Health Acquires Remedi SeniorCare

Clarest Health, a leading personalized medication management provider, announced that it has acquired Remedi SeniorCare, giving Clarest the size and scale to lead the post-acute care market. The U.S. market for pharmacy care for the post-acute patient population is $5.7 billion, and the U.S. Rx fill market for medically complex patients is $115 billion, according to interviews, research and analysis from L.E.K. Financial terms of the deal were not disclosed.  Headquartered in Towson, Maryland, Remedi SeniorCare is a long-term and post-acute care pharmacy services provider. Renowned for its long-term care pharmacy services and proprietary medication management system PAXIT® and its... Read More »
Hildred Capital Management Acquires AleraCare

Hildred Capital Management Acquires AleraCare

New York-based private equity firm Hildred Capital Management announced on May 2 that it entered into an agreement to acquire AleraCare for an undisclosed price. AleraCare is a provider of infusion and specialty pharmacy services. Founded in 2019, AleraCare’s core lines of business includes infusions at ambulatory infusion centers, home infusion therapy, specialty pharmacy and compounding pharmacy.  It has more than 35 locations in the western United States. Hildred Capital Management pursues growth equity investments in lower middle market healthcare companies with leading products, technologies and services. AleraCare will use the capital provided by Hildred to further enhance its... Read More »